BIL vs. QBTS
BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) is Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index, while QBTS (D-Wave Quantum Inc) is a stock. Over the past 3 years, BIL returned 4.63%/yr vs 123.62%/yr for QBTS. At a correlation of -0.03, they often move in opposite directions.
Performance
BIL vs. QBTS - Performance Comparison
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Returns By Period
In the year-to-date period, BIL achieves a 1.60% return, which is significantly higher than QBTS's -10.63% return.
BIL
- 1D
- 0.03%
- 1M
- 0.27%
- YTD
- 1.60%
- 6M
- 1.76%
- 1Y
- 3.85%
- 3Y*
- 4.63%
- 5Y*
- 3.43%
- 10Y*
- 2.20%
QBTS
- 1D
- -1.89%
- 1M
- 14.84%
- YTD
- -10.63%
- 6M
- -10.46%
- 1Y
- 54.05%
- 3Y*
- 123.62%
- 5Y*
- —
- 10Y*
- —
BIL vs. QBTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.60% | 4.15% | 5.19% | 4.94% | 1.19% |
QBTS D-Wave Quantum Inc | -10.63% | 211.31% | 854.44% | -38.88% | -83.96% |
Correlation
The correlation between BIL and QBTS is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022 | -0.03 |
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Return for Risk
BIL vs. QBTS — Risk / Return Rank
BIL
QBTS
BIL vs. QBTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) and D-Wave Quantum Inc (QBTS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BIL | QBTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +19.19 | ||
| Sortino ratioReturn per unit of downside risk | +173.69 | ||
| Omega ratioGain probability vs. loss probability | 88.41 | 1.16 | +87.25 |
| Calmar ratioReturn relative to maximum drawdown | 357.44 | 0.67 | +356.77 |
| Martin ratioReturn relative to average drawdown | 2,834.34 | 1.16 | +2,833.17 |
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Drawdowns
BIL vs. QBTS - Drawdown Comparison
The maximum BIL drawdown since its inception was -0.78%, smaller than the maximum QBTS drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for BIL and QBTS.
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Drawdown Indicators
| BIL | QBTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.78% | -96.67% | +95.89% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -71.01% | +71.00% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | -79.17% | +79.16% |
Max Drawdown (5Y)Largest decline over 5 years | -0.09% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -0.21% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -47.81% | +47.81% |
Average DrawdownAverage peak-to-trough decline | -0.26% | -65.66% | +65.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 40.64% | -40.64% |
Volatility
BIL vs. QBTS - Volatility Comparison
The current volatility for SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) is 0.06%, while D-Wave Quantum Inc (QBTS) has a volatility of 42.66%. This indicates that BIL experiences smaller price fluctuations and is considered to be less risky than QBTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIL | QBTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 42.66% | -42.60% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 76.89% | -76.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 108.46% | -108.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 150.99% | -150.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.26% | 150.99% | -150.73% |
Dividends
BIL vs. QBTS - Dividend Comparison
BIL's dividend yield for the trailing twelve months is around 3.86%, while QBTS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.86% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
QBTS D-Wave Quantum Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BIL and QBTS have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QBTS has higher volatility (42.66%) compared to BIL (0.06%). In terms of maximum drawdown, BIL dropped -0.78% vs QBTS's -96.67%.
BIL currently has the higher Sharpe Ratio (19.63 vs 0.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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